Cvpath Institute Inc

Analysis

Cvpath Institute Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cvpath Institute Inc reported income of $10.5m and spending of $10.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $10.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cvpath Institute Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Help Hospitalized Veterans ($10.5m), North Shore-Lij Cardiology at Deer Park PC ($10.5m) and Sankara Eye Foundation USA ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (11% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $22.5m against liabilities of $6.7m, net assets of $15.9m. It reported 60 employees.